Samsara Stock Soars on 'Internet of Things' Firm's Results, Outlook
1. Samsara's Q2 earnings beat forecasts, with a 30% revenue increase. 2. Number of big customers grew 31%, enhancing annual recurring revenue. 3. Full-year earnings guidance increased from $0.39-$0.41 to $0.45-$0.47. 4. Revenue guidance raised to $1.574-$1.578 billion for the year. 5. Shares surged 15%, despite a 5% decline year-to-date.